Thank you very much.
Understanding that investors don't have insured mortgages, I am nevertheless curious about the following. We've heard around this table of investors maybe buying an initial property and then using the rapid increase in the value of their assets to leverage another purchase and so on, and given the stark rises in asset value year over year for the last number of years, that has allowed people to acquire a number of properties if they're in the business of doing that.
I'm just wondering if you have any comments or have done any thinking about what risk their exposure presents to the market in a context of rising interest rates, and particularly not being insured, either to your business specifically or.... Do you have any thoughts on what, from a public interest point of view, we ought to be concerned about in the nature of that activity and the lack of insured mortgages in that space?